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Subject:
ITS Price Indicators
Body:
[quote]Posted By n/a on 07/23/2007 9:24 AM On July 1st - the ITS trading system was offically abolished. However- there was always one part of ITS that was always useful to traders and that was the strict Price Indicator Price Rules (Not a NYSE Rule). Now these Indicators are no longer required by the NYSE and thus it makes it very difficult to gauge the opening print in a NYSE stock. The NYSE does have rules for price indications (123D) but they are not very strict (you maybe only get 3-5 per opening). Will the NYSE tighten up these rules so that they are close to the old ITS indicators or will they do something to allow traders a better indication as to where a stock might open? It seems strange in this day and age to give investors "less" but that is exactly what the NYSE has done in relation to price indicators........ [/quote]
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